Investing $500 per month with an 8% annual return (factoring inflation) could result in $1.5 million by age 65.
"assuming that you invest five hundred dollars a month and the market returns an annual eight percent per year factoring in inflation in a normal year i thank you you will have 1.5 million dollars by the time you're 65."
Saving 50% of after-tax income and investing the difference could allow for financial independence in 17 years.
"if you can save 50 of your after tax yearly income and invest the difference you will have enough money to last you for the rest of your life in just 17 short years"
Broad market index funds such as VOO (S&P 500) or VTI (entire US stock market) are recommended for investment.
"by buying investments like broad market index funds like this one the voo which is the s p 500 the top 500 companies in the us or vti which is the entire us stock market"
